In 2023, we achieved our 2025 goal of reducing Scope 1 and 2 GHG emissions by 35%—two years ahead of schedule. This early achievement reflects the effectiveness of site-level energy audits, targeted efficiency initiatives, and continuous performance monitoring across our operations.
To continue our commitment to reducing our emissions, in 2025, we set new near-term and long-term targets that were validated by the Science Based Targets initiative (SBTi). We commit to achieve net-zero greenhouse gas emissions across our value chain by 2050. As part of this plan, we commit to:
- Near-Term: Reduce absolute Scope 1 and 2 GHG emissions 42.0% by 2030 from a 2024 base year.* Reduce Scope 3GHG emissions from Use of Sold Products by 51.6% per U.S. dollar value added within the same timeframe. Further, 60.02% of our suppliers by spend covering purchased goods and services, will have science-based targets by 2030.
- Long-Term: Reduce absolute Scope 1 and 2 GHG emissions 90.0% by 2050 from a 2024 base year.* Reduce Scope 3GHG emissions from Purchased Goods and Services, Upstream Transportation and Distribution, and Use of SoldProducts by 97.0% per U.S. dollar of value added within the same timeframe.
These targets help guide future decision-making and help ensure our approach aligns with emerging climate standards, industry benchmarks, and stakeholder priorities. Our SBTi-aligned strategy will also support long-term cost savings, operational resilience, and readiness for future regulatory requirements.
